PNB Finance & Industries Unlisted Shares FY24 Results: Exit or Hold? Complete Analysis!
PNB Finance & Industries Unlisted Shares Fy24 Results are out. It is classified as an NBFC, but its business model primarily functions as an investment company, where it invests its funds in various assets to generate income. The company has announced its FY24 results, so let’s review its performance.
The company’s revenue from operations reached ₹1.1 crore, while in FY23, there was no revenue from operations. However, interest income declined by 13%, coming down to ₹3.7 crore in FY24. On the other hand, dividend income rose to ₹4.9 crore. In terms of profitability, PAT increased by 300%, reaching ₹7.2 crore.
Looking at valuation, the company’s P/B ratio stands at 1.7, which appears slightly overvalued. You may consider exiting this investment. For better opportunities, contact Planify.
About PNB Finance and Industries Limited Pre IPO:
PNB Finance & Industries Limited, a non-banking financial company, was established in 1894 under the name 'Punjab National Bank Limited'. After the government's acquisition of its banking operations in 1970, the company transitioned to PNB Finance Limited. Subsequently, in 1981, it further evolved into PNB Finance & Industries Limited, focusing on investments in shares, debentures, bonds, and other securities. In 1998, the Reserve Bank of India recognized it as a Non-Banking Financial Company. While the company is not actively engaged in business operations, it maintains a significant investment portfolio, primarily in low-risk instruments like mutual funds.
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